A-1 Auto Wreckers
A-1 Auto Wreckers is located in San Jose, CA, and the SBA lists its industry as Motor Vehicle Parts (Used) Merchant Wholesalers. It was approved for an SBA 504 loan ($2,864,000 SBA portion) on January 24, 2024 to finance real estate or equipment.
SBA 504 loan, approved Jan 24, 2024
- SBA (CDC) portion
- $2,864,000
- Bank portion
- $2,800,000
- Estimated project size
- $6,293,333 (estimated)
- Estimated owner equity
- $629,333 (estimated, about 10% of the project)
- Bank lender
- U.S. Bank, National Association, Cincinnati, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 24, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 25
- Business type
- Corporation
- NAICS
- 423140, Motor Vehicle Parts (Used) Merchant Wholesalers
- Project location
- Santa Clara County, CA
- SBA district office
- San Francisco District Office
- Congressional district
- CA-19
- Collateral
- Yes
Estimated share of project by source
Bank 44% SBA (CDC) 46% Owner 10%
- Average expansion loan in Motor Vehicle Parts (Used) Merchant Wholesalers: $2,864,000.
- Average expansion loan in California: $2,161,468.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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